Los Angeles, June 8, 2016 – CBRE Group, Inc. (NYSE:CBG) today announced that Mike Lafitte and Cal Frese have been promoted to new positions as Global Group Presidents. These new positions represent the company’s senior-most global operating roles in its real estate services businesses, and report to CBRE President & CEO, Bob Sulentic.
Mr. Lafitte, who previously served as Chief Operating Officer, will serve as Global Group President, Lines of Business and Client Care. Mr. Lafitte will focus on the continued development of CBRE’s service lines, including its transactional, property, facilities and project management services. He will also be responsible for the company’s Client Care initiative.
Mr. Frese, who previously served as CEO of the Americas, will serve as Global Group President, Geographies, with direct oversight of the Americas, EMEA and APAC. Mr. Frese will focus on the quality of CBRE’s geographic leadership team and the financial and operational performance of its global regions. In addition, he will focus on more tightly aligning Research and Marketing and integrating them with CBRE’s global operations.
“Mike and Cal are exceptional leaders who have helped steer the company to strong growth and many key strategic gains,” Mr. Sulentic said. “Their new responsibilities will enable us to continue to differentiate our services, while advancing the quality of our geographic leadership team and the financial and operational performance of our regions.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
